Simon Company's year-end balance sheets follow. Current Ye 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,800 89,500 112,500 19,700 278,588 $523, eee $ 35,625 S 37,800 62,500 50,200 82,500 54,000 9,375 5,000 255,000 230, 500 5445, eee $377,500 $129,900 98,588 163,500 131, 100 $523,000 $ 75,250 $ 51, 250 181,500 83,500 163,500 163,582 184,750 79,250 $445,200 $ 377, see The company's income statements for the current year and 1 year ago follow For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $673,500 $411,225 209,550 12,100 9.525 642,400 $ 31,100 $ 1.90 1 Yr Ago $ 532,000 $ 345,500 134,980 13,389 8,845 502,625 $ 29,375 $ 1.80 For both the Current Year and 1 Year Ago, compute the following ratios: Exercise 13-11 (Sta Part 1 (1-a) Profit margin ratio (1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required 1A Required 18 Profit margin ratio Pot Main Ratio Choose Denominator Choone Noor = Pront Marcin Ratio Profit margin ratio Current Year 1 Year Ago: Required 18 > (2) Total asset turnover. Total Asset Tumover Choose Denominator: Choose Numerator: Total Asset Turnover Total asset turnover Current Year: 7 11 times 1 Year Ago: times (3.a) Return on total assets (3-b) Based on return on total ossets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago? Complete this question by entering your answers in the tabs below. Required JA Required 38 Return on total assets. Return On Total Assets Choose Numerator Choose Denominator: Return On Total Assets Return on total assets 96 Current Year: 1 Year Ago: 1